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Started By
Message
Current mortgage rates vs. recent lows, and vs. projections
Posted on 8/9/11 at 5:27 pm
Posted on 8/9/11 at 5:27 pm
Does Bernanke's comments today about interest rates remaining low affect 15 and/or 30 yr. home mortgages??
I read about it affecting short term loans and wasn't sure if a mortgage fit in.
Also, noted 30 yr at 4.33, and 15 yr. at 3.5 today per yahoo finance page. Has anyone locked in LOWER than this without paying down points in past year?
Any thoughts on whether this will remain stable?
Thanks
I read about it affecting short term loans and wasn't sure if a mortgage fit in.
Also, noted 30 yr at 4.33, and 15 yr. at 3.5 today per yahoo finance page. Has anyone locked in LOWER than this without paying down points in past year?
Any thoughts on whether this will remain stable?
Thanks
5
Posted on 8/9/11 at 10:39 pm to KnoxvilleBerryTiger
15 year has been lower. 30 year is low.
Mortgage rates are tied to rates mentioned by B.B.
Rumor out that QEIII is coming keeping rates low. But long run the threat of inflation can push things up very quickly.
Mortgage rates are tied to rates mentioned by B.B.
Rumor out that QEIII is coming keeping rates low. But long run the threat of inflation can push things up very quickly.
Posted on 8/10/11 at 7:50 am to KnoxvilleBerryTiger
quote:
Does Bernanke's comments today about interest rates remaining low affect 15 and/or 30 yr. home mortgages??
my random guess is that rates aren't going higher without a major rebound in the economy. So I don't think we will see anything above 6% through 2016.
Full Disclosure, I am not psychic.
Posted on 8/10/11 at 7:59 am to cjared036
quote:
Rumor out that QEIII is coming
The Fed specifically rules out a new round of QE yesterday. Why do people ignore that and instead repeat "rumors"?
Posted on 8/10/11 at 8:06 am to LSURussian
Thanks guys, I will sift through this in hopes of time being kind to me.
Posted on 8/10/11 at 12:14 pm to KnoxvilleBerryTiger
I just locked at 3.375% on a 15 yr, no/no.
I am quite pleased.
I am quite pleased.
Posted on 8/10/11 at 2:15 pm to Dusty Bottoms
quote:
I just locked at 3.375% on a 15 yr, no/no. I am quite pleased.
looking to do the same shortly.
Posted on 8/10/11 at 2:17 pm to Dusty Bottoms
This is the best I'm seeing as well.
3.25 with 3/4 of a point.
3.25 with 3/4 of a point.
Posted on 8/10/11 at 2:43 pm to TortiousTiger
Should be able to do 3.25 w/ 1/2 point. That was my quote at noon today. The half point wasn't worth it for me though.
Posted on 8/10/11 at 10:11 pm to KnoxvilleBerryTiger
I looked at a lender today and saw that they had 3.875% on a 30 yr with a 15 lock. Call a local bank Investar or Iberia and you should be able to get close to that.
Good luck and I have only seen rates this low once before and it only lasted a day or two
Good luck and I have only seen rates this low once before and it only lasted a day or two
Posted on 8/10/11 at 10:26 pm to David Wooderson
Per same yahoo site, 30 yr. @ 4.29, 15 yr. @3.43.
wow, never seen that before.
wow, never seen that before.
Posted on 8/10/11 at 10:30 pm to KnoxvilleBerryTiger
A 15 year at 3.5 is money. I would jump all over that.
Posted on 8/11/11 at 8:12 am to I Love Bama
I am about to refinance my 30 year to a 15, just can't beat it with these rates. Any advice on what lender to use?
Posted on 8/11/11 at 8:18 am to TexasHog22
quote:
Any advice on what lender to use?
Just go to bankrate and find the absolute lowest rate possible. Maybe check the internet to see if they have any major issues servicing loans. I used everbank on my last two loans, but they just had the cheapest rates at the time. And honestly they were much easier to work with than USAA and 10x better than the frick sticks at Chase.
Posted on 8/11/11 at 8:21 am to C
Thanks.
Posted on 8/11/11 at 8:59 am to KnoxvilleBerryTiger
A bank in Shreveport has 30yr 3.75% and 3.25% on 15ys for refis.
Posted on 8/11/11 at 9:49 am to The General
3.75 seems too low. Check their fees against someone elses.
Posted on 8/11/11 at 9:55 am to The General
quote:
Shreveport has 30yr 3.75%
link?
Posted on 8/11/11 at 10:04 am to KnoxvilleBerryTiger
I am praying that they stay this low for at least another 9-10 months.
Posted on 8/11/11 at 10:05 am to The General
quote:
A bank in Shreveport has 30yr 3.75% and 3.25% on 15ys for refis.
Hard to believe, especially today with the 10 yr yield up. Even yesterday, that 30 yr rate would most likely require significant points and fees.
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